EUR/USD: A dive below 1.10 seems likely – MUFG EURUSD Fed Ukraine Banks
in the near-term. However, the main message from the Fed Chair is still likely to be hawkish providing justification for the Fed to start raising rates later this month.”
“Market participants will be also watching closely to see if Fed Chair Powell provides more details over the plans to begin shrinking the balance sheet. It creates the potential for more policy divergence to open up between the Fed and ECB who we expect to delay tightening plans.”EUR/USD to drop towards 1.10 unless heartening news of a ceasefire in Ukraine – ING
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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